on the daily chart, HOOD witnessed a strong rebound after forming a new higher low at 16.22$, to violate the resistance level at 19.44$, after BofA double upgraded Robinhood (HOOD) to Buy from Underperform. then remaining above 19.44$, will push the stock to test the last major peak at 20.55$, which is the level that needs to be violated, to confirm the major uptrend, which will trigger further rises near 21.70$ - 22.35$ - 23.25$ on the short term.
the indicators are heading towards the positive side, which confirm the mentioned positive scenario
the indicators are heading towards the positive side, which confirm the mentioned positive scenario
Trade active
the 1st target has been achievedTrade closed: target reached
all mentioned targets have been reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.